Jason R. Vaillancourt, CFA

Mr. Vaillancourt is Co-Head of the Global Asset Allocation group and, in partnership with other GAA Co-
Heads, is responsible for overall strategy and positioning of Putnam's GAA products. In this role, he is
accountable for the research that drives the top-down views of GAA portfolios, including asset class,
region, and sector decisions, and his work contributes to Putnam's Capital Markets Outlook. He is a
Portfolio Manager of Putnam Absolute Return 500 Fund®, Putnam Absolute Return 700 Fund®, Putnam
Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth), Putnam Dynamic Risk Allocation
Fund, Putnam Retirement Income Lifestyle Funds, Putnam RetirementReady® Funds, Putnam’s Total
Return institutional portfolio, and Putnam's 529 college savings plan. Mr. Vaillancourt, who joined Putnam
in 2000, has been in the investment industry since 1993.